AM Best awards rating for R&Q’s E&S carrier
Accredited Specialty Insurance Company (ASI), the newly formed excess and surplus (E&S) lines carrier owned by Randall & Quilter Investment Holdings, has been assigned a financial strength rating of A- (excellent) with a stable outlook by AM Best.
AM Best said: “The ratings of ASI reflect the consolidated balance sheet strength of R&Q, which AM Best categorises as very strong.”
ASI is led by Patrick Rastiello who joined R&Q as ASI’s chief execugtive in September.
AM Best also recently affirmed the financial strength ratings of A- (excellent) of Accredited Surety and Casualty Company (ASC), R&Q’s US admitted market programme management company, and Accredited Insurance (Europe) (Malta), R&Q’s European programme management company
William Spiegel, deputy executive chairman of R&Q, said: “ASI is now both rated and licensed and set to take advantage of the many opportunities that the vibrant E&S market offers. We already have a strong pipeline and are well positioned to begin writing business and building scale.”
R&Q was advised by TigerRisk Capital Markets & Advisory.
